Connect with us

Published

on

Software giant Oracle warned investors that a US ban of TikTok will likely damage its bottom line if it takes effect.

In April, Congress passed a bill that would require TikToks Beijing-based parent ByteDance to divest from the app entirely within 12 months or face a total US ban.

Oracle, co-founded and chaired by billionaire tech executive Larry Ellison, said the law will make it unlawful to provide internet hosting services to TikTok, Oracle said in its annual report published Monday.

If we are unable to provide those services to TikTok, and if we cannot redeploy that capacity in a timely manner, our revenues and profits would be adversely impacted, Oracle said in the report.

Compliance with these laws may increase our expenses as we engage specialized or other additional resources to assist us with our compliance efforts, the company added.

Oracle provides cloud infrastructure support for TikTok. The firm partnered with TikTok on a data security initiative called Project Texas as part of a failed effort to dispel Congresss concerns about the security of US user data.

The TikTok partnership may contribute anywhere from $480 million to $800 million in annual revenue for Oracle, according to estimates from Evercore ISI analyst Kirk Materne cited by Bloomberg.

Oracle shares were flat in Tuesday morning trading. The stock is up more than 33% since the start of the year.

Oracle came close to buying TikTok as part of a joint bid with Walmart during a previous attempt by the Trump administration to ban the app in the US. The talks were scuttled in 2021.

As The Post has reported, Oracle is seen as a logical candidate to acquire TikTok this time around if ByteDance is eventually forced to divest. So far, Oracle has yet to comment on whether it would be interested in such a deal.

TikTok has argued the divestiture bill violates the First Amendment and is a de facto ban on the app.

In its lawsuit, the company argued the 12-month sale timeline is simply not possible: not commercially, not technologically, not legally.

The company has said it has no plans to seek a sale, even if it were possible.

Meanwhile, former US Treasury Secretary Steven Mnuchin is among those who have expressed interest in buying TikTok. Mnuchin has been pitching potential partners on a plan to rebuild the app’s recommendation algorithm from scratch in the US.

Continue Reading

Sports

Stars vs. Jets (May 15, 2025) Live Score – ESPN

Published

on

By

Stars vs. Jets (May 15, 2025) Live Score - ESPN

— Andrei Svechnikov scored the go-ahead goal with just under two minutes left and the Carolina Hurricanes beat the Washington Capitals 3-1 in Game 5 on Thursday night, winning the second-round series and advancing to the Eastern Conference final for a…

Continue Reading

Sports

Canes oust Caps in G5 on Svechnikov’s late goal

Published

on

By

Canes oust Caps in G5 on Svechnikov's late goal

WASHINGTON — Andrei Svechnikov scored the go-ahead goal with just under two minutes left and the Carolina Hurricanes beat the Washington Capitals 3-1 in Game 5 on Thursday night, winning the second-round series and advancing to the Eastern Conference finals for a second time in three years.

Captain Jordan Staal scored his first goal of the playoffs, and Frederik Andersen stopped 18 of the 19 shots he faced, including several on Alex Ovechkin.

After a give-and-go with defenseman Sean Walker, Svechnikov’s shot got through Logan Thompson from a bad angle with 1:59 remaining, and that was the difference in a back-and-forth game.

Seth Jarvis sealed it with an empty-net goal with 26.1 seconds left.

The Hurricanes improved to 10-5 in potential closeout games in seven trips to the postseason with coach Rod Brind’Amour. They will face either the Florida Panthers in a rematch of the 2023 East finals or the Toronto Maple Leafs in a reminder of 2002. The Panthers are up 3-2 in their series with the chance to eliminate the Maple Leafs as soon as Friday night.

Carolina is 35-7-2 through 82 games and then two rounds when scoring first.

Despite an unassisted goal by Anthony Beauvillier and some important saves among the 18 from Thompson, the Capitals saw their season end after finishing atop the conference and the Metropolitan Division, and beating the Montreal Canadiens in the first round to win a playoff series for the first time since their Stanley Cup run in 2018. Washington started strong, got a few quality scoring chances but could not get through tight-checking defense to prolong the series.

After giving up the backbreaker to Svechnikov, Thompson was pulled for an extra attacker and the Capitals were unable to equalize and let Jarvis get to the loose puck for his empty-netter.

Continue Reading

Politics

MPs waver once again as ’emotive’ assisted dying bill heads back to the Commons

Published

on

By

MPs waver once again as 'emotive' assisted dying bill heads back to the Commons

Further moves to amend the controversial assisted dying bill are being made by MPs as it returns to the Commons for another day of emotionally charged debate.

After a marathon committee stage, when more than 500 amendments were debated, of which a third were agreed, the bill returns to the Commons with 130 amendments tabled.

As a result, the final and decisive votes on whether the bill clears the Commons and heads to the House of Lords are not expected until a further debate on 13 June.

The bill proposes allowing terminally ill adults with less than six months to live to receive medical assistance to die, with approval from two doctors and an expert panel.

Why is assisted dying so controversial – and where is it already legal?

In a historic vote last November, after impassioned arguments on both sides, MPs voted 330 to 275 in favour of Labour MP Kim Leadbeater’s Terminally Ill Adults (End of Life) Bill.

Sir Keir Starmer voted in favour, while Deputy PM Angela Rayner, Foreign Secretary David Lammy, Health Secretary Wes Streeting and Justice Secretary Shabana Mahmood voted against.

More on Assisted Dying

The Conservatives were also split, with leader Kemi Badenoch voting in favour and former PM Rishi Sunak against. Reform UK leader Nigel Farage also voted against the bill.

Please use Chrome browser for a more accessible video player

Assisted dying: Care sector ‘not being heard’

The PM, who is attending a summit in Albania, will be absent this time, but asked for his current opinion, told reporters: “My views have been consistent throughout.”

No fewer than 44 of the new amendments have been tabled by Ms Leadbeater herself, with government backing, a move that has been criticised by opponents of the bill.

Opponents also claim some wavering MPs are preparing to switch from voting in favour or abstaining to voting against and it only needs 28 supporters to change their mind to kill the bill.

Confirmed switchers from voting in favour to against include Tory MPs George Freeman and Andrew Snowden, Reform UK chief whip Lee Anderson and ex-Reform MP Rupert Lowe.

Labour MP Debbie Abrahams and Tory MP Charlie Dewhirst, who abstained previously, are now against and Labour’s Karl Turner, who voted in favour at second reading, is now abstaining.

Please use Chrome browser for a more accessible video player

Assisted Dying Bill criticised

Mr Turner, a former barrister, told Sky News that an amendment to replace a high court judge with a panel of experts “weakens the bill” by removing judicial safeguards.

But in a boost for the bill’s supporters, Reform UK’s Runcorn and Helsby by-election winner Sarah Pochin, a former magistrate, announced she would vote in favour. Her predecessor, Labour’s Mike Amesbury, voted against.

“There are enough checks and balances in place within the legislation – with a panel of experts assessing each application to have an assisted death, made up of a senior lawyer, psychiatrist, and social worker,” said Ms Pochin, who is now the only Reform UK MP supporting the bill.

A Labour MP, Jack Abbott, who voted against in November, told Sky News he was now “more than likely” to vote for the bill, which was now in a much stronger position, he said.

Ms Leadbeater’s supporters strongly deny that the bill is at risk of collapse and are accusing its opponents of “unsubstantiated claims” and of “scare stories” that misrepresent what the bill proposes.

Please use Chrome browser for a more accessible video player

Two people given months to live debate assisted dying

“There is a pretty transparent attempt by opponents of the bill to try to convince MPs that there’s a big shift away from support when that simply isn’t true,” an ally of Ms Leadbeater told Sky News.

Speaking in an LBC radio phone-in on the eve of the debate on the amendments, Ms Leadbeater said she understood her bill was “an emotive issue” and there was “a lot of passion about this subject”.

But she said: “I would be prepared to be involved in a compassionate end to someone’s life if that was of their choosing. And it’s always about choice. I have friends and family who are very clear that they would want this option for themselves.

“There is overwhelming public support for a change in the law and literally everywhere I go people will stop me and say thank you for putting this forward. I would want this choice.”

Read more:
Ukrainian man charged over fires at properties and car linked to PM
An embarrassment for Starmer on migrant return hubs?

Also ahead of the debate, health minister Stephen Kinnock and justice minister Sarah Sackman wrote to all MPs defending the government’s involvement in Ms Leadbeater’s amendments to her bill.

“The government remains neutral on the passage of the bill and on the principle of assisted dying, which we have always been clear is a decision for parliament,” they wrote.

“Government has a responsibility to ensure any legislation that passes through parliament is workable, effective and enforceable.

“As such, we have provided technical, drafting support to enable the sponsor to table amendments throughout the bill’s passage. We have advised the sponsor on amendments which we deem essential or highly likely to contribute to the workability of the bill.”

Continue Reading

Trending